News
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UK insurer Lancashire sees up to $165 million hit from Los Angeles wildfires
Adds background in paragraph 2 Feb 13 (Reuters) - British insurer Lancashire Holdings LRE.L said on Thursday it expects losses of between $145 million and $165 million related to the California wildfires.The ring of wildfires that devastated Los Angeles in January is expected to hit insurers with...Reuters
Thu, Feb 13
NATO's Rutte says Kyiv must be involved in everything about Ukraine
Feb 13 (Reuters) - NATO Secretary General Mark Rutte said on Thursday that any peace deal in Ukraine must be enduring and that any discussions must include Kyiv."It is crucial that whatever comes out of those talks, it is durable, it is enduring," Rutte told reporters in Brussels ahead of ta...Reuters
Thu, Feb 13
Lloyd’s Americas’ Lipman optimistic on Latin America growth via new Miami hub
By Chris MunroFeb 13 - (The Insurer) - Lloyd’s of London is “incredibly optimistic” about the growth opportunities its newly opened Miami office will present as the market continues to build out its $3bn-plus book of Latin American business.Last June, Lloyd’s announced that it would open a new offic...Reuters
Thu, Feb 13
BRIEF-Lancashire Estimates California Wildfire Losses At $145-$165 Mln
Feb 13 (Reuters) - Lancashire Holdings Ltd LRE.L:LOSS ESTIMATE RELATING TO CALIFORNIA WILDFIRESESTIMATES CALIFORNIA WILDFIRE LOSSES AT $145 MILLION-$165 MILLIONREMAINS EXTREMELY WELL CAPITALISED TO ACHIEVE ITS STRATEGIC AMBITIONSSource text: ID:nPRrD6434aFurther company coverage: LRE.LReuters
Thu, Feb 13
Carlyle Group enters Indian auto parts industry with Highway-Roop platform buy
Adds details of the platform in paragraph 7Feb 13 (Reuters) - U.S.-based investment firm Carlyle Group CG.O has entered India's auto components market by buying a controlling stake in an entity formed by the combination of Indian auto parts companies Highway Industries and Roop Automotives. Equi...Reuters
Thu, Feb 13
BRIEF-BAT Sees 1.5-2.5% Growth In ADJ Profit From Operations In 2025
Feb 13 (Reuters) - British American Tobacco PLC BATS.L:BAT: OUTLOOK 2025 C.1% REVENUE GROWTH (AT CONSTANT RATES)BAT: OUTLOOK 2025 1.5-2.5% ADJUSTED PROFIT FROM OPERATIONS GROWTH (ADJUSTED FOR CANADA, AT CONSTANT RATES)BAT: OUTLOOK 2025 COMMITMENT TO DIVIDEND GROWTH IN STERLING TERMS AND £900 MILLION...Reuters
Thu, Feb 13
Coca-Cola HBC forecasts slower profit growth in challenging economic environment
Feb 13 (Reuters) - Bottler Coca-Cola HBC CCH.L forecast a 7% to 11% rise in 2025 organic operating profit on Thursday, slower than last year, as a challenging macroeconomic environment clouded growth prospects.Analysts, on average, had expected a 10.7% growth in 2025 organic earnings before interest...Reuters
Thu, Feb 13
BAT takes near $8 billion charge over Canada lawsuit, headwinds loom
Feb 13 (Reuters) - British American Tobacco BATS.L said it took a 6.2 billion pound ($7.74 billion) hit from settling a tobacco lawsuit in Canada, and warned of "significant" headwinds in Bangladesh and Australia in 2025 after annual revenue missed forecast.($1 = 0.8008 pounds)Reuters
Thu, Feb 13
Barclays posts rises 24% rise in annual pretax profit
LONDON, Feb 13 (Reuters) - Barclays BARC.L reported a 24% rise in annual pretax profit on Thursday, slightly above expectations, as its investment bank reported strong performance for 2024 and slower than expected interest rate cuts sustained income in its domestic lending business.The British corpo...Reuters
Thu, Feb 13
African leaders to push for slavery reparations despite resistance
African Union leaders to hold talks on reparations at summit Leaders hope to shape 'unified vision' Debate includes land restitution, return of cultural artefacts Right-wing populists oppose discussion of compensationBy Catarina Demony Feb 13 (Reuters) - African leaders meeting in Ethiopi...Reuters
Thu, Feb 13
Ukraine's future NATO membership not off the table, Sweden says
BRUSSELS, Feb 13 (Reuters) - Ukraine could still become a NATO member in the future if it fulfils all conditions, Swedish Defence Minister Pal Jonson said on Thursday."I don't foresee the NATO membership as such being off the table for Ukraine," Jonson said before a meeting of defence mi...Reuters
Thu, Feb 13
German foreign minister: Europe needs to be involved in talks over Ukraine
FRANKFURT, Feb 13 (Reuters) - German foreign minister Annalena Baerbock said on Thursday that Ukraine and Europe need to be involved in peace talks over Ukraine, after the U.S. president and the Russian president discussed the conflict. "We can't have talks without involving Ukraine. Pea...Reuters
Thu, Feb 13
Alibaba chairman confirms AI partnership with Apple for Chinese iPhones
SHANGHAI, Feb 13 (Reuters) - Alibaba 9988.HK chairman Joe Tsai confirmed reports that the Chinese tech company will partner with Apple AAPL.O on AI for iPhones sold in the China market, while speaking at the World Governments Summit in Dubai on Thursday.Reuters
Thu, Feb 13
Ukraine, US and Europe must work together to bring peace, says Poland's Tusk
WARSAW, Feb 13 (Reuters) - Ukraine, Europe and the United States should work together to bring about a just peace in Ukraine, Polish Prime Minister Donald Tusk said late on Wednesday. Donald Trump said both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a ...Reuters
Thu, Feb 13
Siemens can cope with macro economic uncertainty, tariffs, CEO says
ZURICH, Feb 13 (Reuters) - Siemens SIEGn.DE is in a good position to deal with ongoing macroeconomic and tariff-related uncertainties, although Germany is in crisis mode as it awaits a new government, Chief Executive Roland Busch said on Thursday."Our strong strategic position in attractive mark...Reuters
Thu, Feb 13
BRIEF-Corrected-Honda Says Agreed To Cancel MoU Of Three Way Tie-Up Talks With Nissan And Mitsubishi Motors (Corrects From Mitsubishi Motor)
Feb 13 (Reuters) - Nissan Motor Co Ltd 7201.T:HONDA SAYS AGREED TO CANCEL MOU OF THREE WAY TIE-UP TALKS WITH NISSAN AND MITSUBISHI MOTORS (CORRECTS FROM MITSUBISHI MOTOR)Source text: [ID:]Further company coverage: 7201.TReuters
Thu, Feb 13
BRIEF-Unibail-Rodamco-Westfield Outlook 2025: AREPS Forecasted To Be In Range Of EUR 9.30 To EUR 9.50
Feb 13 (Reuters) - Unibail-Rodamco-Westfield URW.PA:UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2024 EARNINGS2024 TENANT SALES UP +4.5% AND FOOTFALL UP +2.6% VERSUS. 2023OUTLOOK 2025: AREPS FORECASTED TO BE IN RANGE OF EUR 9.30 TO EUR 9.502024 SHOPPING CENTRE NET RENTAL INCOME (NRI) AT EUR 2,073 MN, UP +...Reuters
Thu, Feb 13
Sony profit rises 22.9% in April-December period
TOKYO, Feb 13 (Reuters) - Sony's 6758.T operating profit rose 22.9% in the first nine months of the financial year ending March, the company reported on Thursday. Profit for the April-December period was 1.2 trillion yen ($7.79 billion). ($1 = 154.0600 yen)Reuters
Thu, Feb 13
